47164 Michigan Ave

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47164 Michigan Ave

canton, MI 48188
Asking Rate
Contact for rate
Asset Type
Retail
Class
Class B

What's Special

47164 Michigan Ave is situated in the Western suburbs of metro Detroit within the community of Canton, Michigan. This retail location occupies a prominent position along the Michigan Avenue commercial corridor, a high-traffic thoroughfare connecting Canton to neighboring Ypsilanti and Wayne. The surrounding area features a mix of established residential neighborhoods and national retail anchors, including high-volume grocers and big-box centers. The property benefits from its proximity to the I-275 interchange, providing regional connectivity to the Detroit Metropolitan Airport and the greater southeast Michigan interstate system. The site is suited for retail and service-oriented businesses seeking visibility in a developed suburban market. Ideal use cases include boutique retail, hardware or specialty home goods, and medical or professional services catering to the local household density. Potential tenants may include regional franchise operators, independent retailers, or service providers looking for frontage along a major automotive artery. The property’s layout and location across from major shopping hubs provide an established environment for businesses requiring consistent pass-through traffic and accessible surface parking for a broad commuter and resident customer base.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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